CFO Moves: Core Molding Technologies, Coronado Biosciences

Core Molding Technologies Inc., a manufacturer of molding based in Columbus, Ohio, named John Zimmer vice president, treasurer, secretary and chief financial officer. Prior to joining Core, Mr. Zimmer was CFO of Parex Group USA Inc., a division of construction materials maker Parex Group. He also was the CFO of The Upper Deck Co. LLC. Compensation information was not immediately disclosed.

Coronado Biosciences Inc., a biopharmaceutical company based in Burlington, Mass., has terminated three senior executives, including Dale Ritter, its chief accounting officer. The company said the move was part of its “effort to conserve cash and realign our organization to work more efficiently given the disappointing” phase two data for its drug to treat Crohn’s disease. Mr. Ritter received compensation valued at $582,568 last year, according to the firm’s proxy.

Deloitte's Financial Reporting Alert discusses certain key accounting and financial reporting considerations related to the current economic conditions in the eurozone and Puerto Rico, including a summary of financial reporting implications that would result from a country's decision to exit the eurozone and an outline of disclosures recommended by the SEC in 2012 about European sovereign debt.